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Hillsville

Learn about the people, housing, costs and businesses in Hillsville, Virginia

Median Home$165,322
Median Rent$736/month
Population2,974
Leading IndustriesManufacturing · Retail1% manufacturing
Home Value Growth+9.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners76% of occupied units
NotableAffordable Market$165k median home · lower cost than 67% of the country
Hillsville
VA

Frequently Asked Questions

What are today's mortgage rates in Hillsville?

As of today, the 30-year fixed mortgage rate for Hillsville is approximately 6.998% (7.038% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hillsville?

The median home value in Hillsville is $165k. The median monthly rent is $736. Annual property taxes average $898. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hillsville?

Home values in Hillsville have increased 9.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hillsville?

Based on a typical all-in ownership cost of $638/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hillsville is $64k/year.

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What industries drive the economy in Hillsville?

The largest employment sectors in Hillsville are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.